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Greggs finance chief swallows cash windfall

The high-street baker's number cruncher has pocketed a substantial sum from his latest share sale
August 25, 2016

Since the interim results at the beginning of August, shares in high street bakery chain Greggs (GRG) have largely gone sideways. But that shouldn't detract from the fact the share price has largely recovered from its post-referendum drop - a trend suffered by most of Britain's domestically-focused retailers. That's largely the results of a solid set of quarterly results, which were followed in quick succession by the half-year numbers, which revealed like-for-like sales growth of 3.8 per cent despite tough comparatives.

IC TIP: Buy at 1,037p

It's perhaps no surprise, therefore, to see finance director Richard Hutton offloading a little more than 41,000 shares, netting himself £432,285 in the process. However, that still leaves Mr Hutton in control of 36,924 shares or 0.037 per cent of the company.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
BT  Gavin Patterson (ceo)12 Aug 165743982,2852,869,9830.029
BT♥  Gavin Patterson (ceo)12 Aug 163313991,3212,870,3140.029
Chemring♥  Michael Flowers (ceo)11 Aug 1615,00013319,950165,9820.059
Games Workshop  Elaine O'Donnell15 Aug 161,800541.469,7463,3000.010
Games Workshop♥  Elaine O'Donnell15 Aug 161,793543.369,7425,0930.016
GLI Finance Emma Stubbs (cfo)17 Aug 16113,14526.529,983178,1780.058
Hardide* Robert Goddard (ch)15 Aug 162,500,0000.820,0006,723,0500.480
Hardide* Yuri Zhuk15 Aug 161,250,0000.810,0006,281,1320.448
Hardide* Andrew Boyce15 Aug 161,250,0000.810,000266,546,22619.030
Hardide* Peter Davenport (fd)15 Aug 161,250,0000.810,0004,376,6670.312
Hardide* Philip Kirkham (ceo)15 Aug 161,250,0000.810,0002,004,7170.143
Hardide* Jan Ward 15 Aug 161,250,0000.810,0001,250,0000.089
Imperial Brands David Haines12 Aug 161404100.55,7419920.000
Imperial Brands Karen Witts12 Aug 161404100.55,7414530.000
Imperial Brands Michael Herlihy12 Aug 161284100.55,2495,2750.001
Imperial Brands Malcolm Wyman12 Aug 161404100.55,7413,9320.000
Imperial Brands Mark Williamson (ch)12 Aug 167704100.531,57410,0280.001
JPMorgan Eur Smaller Companies Trust Nicholas Smith16 Aug 166,600301.5819,90411,6000.007
Laird Kjersti Wiklund17 Aug 163,000307.8439,23516,0000.006
MX Oil Stefan Olivier (ceo)11 Aug 162,500,0000.9323,2502,500,0000.219
MX Oil Stefan Olivier (ceo)11 Aug 162,500,0000.9523,7505,000,0000.438
MX Oil Stefan Olivier (ceo)12 Aug 165,000,0000.9949,50010,000,0000.876
Paragon Entertainment John Dobson16 Aug 16253,9841.96865,0004,034,0202.149
Paragon Entertainment John Dobson16 Aug 162,142,2502.100544,9986,176,2703.291
Paragon Entertainment John Dobson16 Aug 162,250,0002.250550,6368,426,2704.490
Paragon Entertainment John Dobson17 Aug 16773,5032.316617,9199,199,7734.902
Schroder Real Estate IT Stephen Bligh11 Aug 1625,00054.9513,73825,0000.005
Share Gareth Thomas15 Aug 1616,99529.425,00044,7090.031
Stock Spirits♥  David Maloney (ch)11 Aug 1620,000164.332,86060,0000.030
Stock Spirits♥  Lesley Jackson (cfo)12 Aug 1620,00016332,600219,5550.110
Stock Spirits♥  Miroslaw Stachowicz (ceo)12 Aug 1645,67016374,44292,3580.046
U and I  Marcus Shepherd (fd)11 Aug 163,013164.94,968138,3010.111

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Churchill Mining Gregory Radke11 Aug 1622,000275,940403,3990.273
GB GroupRichard Linford16 Aug 1634,363303104,120270,1830.202
GB GroupDave Wilson (fd)16 Aug 1654,133303164,023345,5910.259
GB Group♥Dave Wilson (fd)16 Aug 1649,999303151,497295,5920.221
Greggs Richard Hutton (fd)12 Aug 1641,1701050432,28536,9240.037
Hill & Smith Holdings♥ Derek Muir (ceo)12 Aug 1627,7001178326,306246,2210.313
Hill & Smith Holdings Derek Muir (ceo)12 Aug 162,300117827,094273,9210.349
PHSC Stephen King (ce)17 Aug 16517,49028144,8973,215,00024.568
Witan Investment Trust♥ Harry Henderson (ch)11 Aug 162,400833.3620,001720,3320.392
*Placing/tender/open offer ♥Spouse/connected party